Real estate is a long game and if you choose wisely and are patient it will likely reap future payoffs.4) I would just make sure you have a long-term plan for property #2.

I am tracking the Airbnb was recently banded in Medellin so short-term rentals might not be a wise move. 

I'm under contract with Holton-Wise.

Interests will probably be lower a year from now (although who knows for sure) so if you can, perhaps it would be wise to hold off on refinancing.

Quote from @James Wise: Quote from @Sylvestre Maldonado: Hey, I am a Realtor in Los Angeles who is also just starting out in the investing journey.

Sure, I'm a complete newbie but I'd rather have all my ducks aligned on the asset protection and tax-wise side of things before leaping ahead.

Has anyone use or heard of Wise Wolf Properties?

To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

What the benefits for the seller are is that they CAN foreclose almost as easily as a bank if need be; there is a good chance that they can get a better rate on that Note that they will carry (say 5-10%) than what they are likely to get with their equity otherwise; if might help them sell a property that is hard to sell otherwise; and might be advantages income tax wise also.One example is a 4plex that just came online here in our market.

Investment Reallocation: Given the negative cash flow from these properties, would it be wise to sell both and reinvest in markets outside of my current state, where positive cash flow is more achievable?